The UK-based startup AutogenAI has raised $39.5 million in a Series B funding round, co-led by Salesforce Ventures and Spark Capital, for its generative AI software that automates the tedious and time-consuming process of proposal writing. The company’s bid-writing product suite has led to a 30% increase in win rates and significant cost savings for its clients. AutogenAI’s commitment to privacy and factual accuracy, as well as its latest innovation in data security, positions the company for further growth and adoption by bid teams in multiple countries.
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Automated proposal writing startup AutogenAI raises $39.5M from Salesforce Ventures and others
Key Points:
- AutogenAI secures $39.5 million in Series B funding, co-led by Salesforce Ventures, to support its generative AI software that automates proposal writing and has led to significant improvements in win rates and cost savings for clients.
- The company’s bid-writing product suite has revolutionized the bidding process for organizations, resulting in a 30% uplift in win rates and up to 85% cost reductions, while also prioritizing privacy and factual accuracy with its latest innovation, Bowdleriser.
- AutogenAI’s rapid expansion and commitment to improving bid team productivity position the company as a potential standard toolkit for bid teams in the UK, US, Australia, and beyond.
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